Tax implications of closing cost of cash out refinance?

[Ellen Xu]

I refinanced my residence last year to get cash out to buy an investment property, so I have two closing costs: one for refinancing my residence to get money out, the other for buying the investment property. Could I deduct both closing costs when filing tax since both of them are actual cost I paid to purchase the investment property? (It is totally traceable) 
Thanks in advance for ur kind help!

[Nicholas Aiola]

@Ellen Xu @David Paul Westenberger

Costs to acquire a loan used to purchase an investment property are capitalized and amortized over the life of the loan.

Any prepaid expenses paid at settlement (prepaid insurance, prorated property taxes, etc.) are deductible as operating expenses. Please note that payments into escrow are neither capitalized nor deducted as operating expenses.